Future Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
LIVE CATTLE Apr 2021 (CME:LE.J21)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for LE.J21
The long term trend has been UP since Dec 13th, 2019 at 121.725
The intermediate term trend has been UP since Dec 13th, 2019 at 121.500
The short term trend has been DOWN since Jan 16th, 2020 at 123.800
Smart Scan Analysis for LE.J21
Based on a pre-defined weighted trend formula for chart analysis, LE.J21 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).